Bank of America customers are reporting massive issues with online and mobile banking. The site monitoring service Downdetector shows tens of thousands of customers have reported severe service disruptions in the last few hours, with users on the soc

Poland’s second-largest bank, Bank Pekao, is using blockchain technology to preserve the country’s cultural heritage. According to a Pekao press release, the bank partnered with Aleph Zero to launch Archiv3, a project aimed at tokenizing Polish artwo

Bank of England warns that failure to modernize central bank money could shift wholesale settlements to private assets, potentially risking financial stability. A Bank of England executive warns that failing to adapt central bank money to emerging te

The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to

Major Australian bank ANZ is interested in exploring how it can move its Australian dollar-backed A$DC stablecoin between blockchains.

According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with stablecoin

Russia and China’s desire to ditch the dollar is fueling the price of gold, according to the Bank of France. In a new report, the central bank notes the price of the precious metal has risen to new all-time highs despite global outflows in gold excha

A federal investigation into banking giant JPMorgan Chase is targeting how the bank handles and protects potential victims of fraud, according to a new report. The Consumer Financial Protection Bureau (CFPB) is investigating whether the bank is prope

The rise of artificial intelligence and its incorporation into the crypto platforms have given birth to predictive models. These models are able to find winning trades and execute them. But, most of them are not capable enough to execute successful t

A data breach at Wells Fargo is affecting an unknown number of the banking giant’s customers. A new filing with the Office of the Vermont Attorney General shows the lender is warning customers that an insider at the bank has accessed and used their i

BNY Mellon, America’s oldest bank, has edged closer to a breakthrough in digital asset ETF custody after a regulatory review.… The post World’s Largest Custodian Bank BNY Mellon Edges Closer to Crypto Asset Custody first appeared on The Crypto Basic.

The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Ol

Last week, the Telegram trading bot Banana Gun faced a major exploit with nearly $3 million in user funds lost. The team has recently announced that all 11 users who suffered losses will get full refunds from its own Treasury. Following the announcem

Chinese Bitcoin miners contribute 55% of the BTC hashrate despite a mining ban in 2021. China’s mining ban brought the country’s mining industry to a ...

"Silvergate Bank did not fail," the executive claims, instead blaming a shift in regulatory approach for the closure of the bank in 2023.

Canada's central bank has paused its CBDC project, pivoting to research as countries like China and Nigeria advance their initiatives.

The Consumer Financial Protection Bureau (CFPB) is accusing TD Bank of repeatedly placing its customers’ ability to access employment, housing and credit at risk. According to the US financial regulator, TD Bank systematically shared “inaccurate, neg

According to the Bank of Canada’s Governor Tiff Macklem, central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior.

JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market we

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.